Match the Following

question 159

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-The most popular type of team

• A)Problem-solving team
• B)Management team
• C)Work team
• D)Virtual team
• E)Quality circle

---

Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the scale of production and the quantity of output increase.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different consumers, based on market segments, capacity to pay, or purchasing contexts.

Monopoly Power

The ability of a monopolist to significantly control market price or exclude competition in a particular market.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers.